Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Residential & Mixed Use
BonRenter brings security deposit solution to Hudson County rental building

BonRenter, a firm that provides an alternative to cash security deposits, has brought its offering to a 60-unit apartment building in Hudson County.

Residential & Mixed Use
FirstService expands Gold Coast portfolio with Edgewater condo assignment

The owners of a 120-unit condominium building in Edgewater have selected FirstService Residential to manage the property.

Cover Story
Connell looks to build community hub, workplace of the future at Berkeley Heights office park

Connell Real Estate & Development Co., the developer and longtime owner of Connell Corporate Park in Berkeley Heights, is in the midst of a sweeping, $400 million improvement and expansion of the 185-acre property, one that will create new apartments, restaurants, entertainment and urban-style park space by 2023.

Finance & Capital Markets
JLL: Seagis lands $33 million loan for two-state, 410,000 sq. ft. industrial portfolio

The owner of a nine-building, 410,000-square-foot industrial portfolio in New Jersey and South Florida has secured nearly $33 million in permanent financing, according to brokers with JLL.

Office
Health system expands by 20,000 sq. ft. at Journal Square office building

A health care network is expanding its footprint at a Jersey City office building just months after its original lease, bringing its total presence to nearly 75,000 square feet.

Retail
Denholtz taps Pierson Commercial as retail agent for mixed-use project in Red Bank

Denholtz Properties has hired Pierson Commercial as its leasing agent for some 7,000 square feet of retail space at its soon-to-be-completed, mixed-use project in Red Bank.

Residential & Mixed Use
PCD welcomes first residents to new Morristown apartment building

A boutique apartment building in Morristown has welcomed its first residents, following the launch of leasing in early October.

Industrial
NAI Hanson inks sale of 20,000 sq. ft. industrial building in Bergen County

NAI James E. Hanson has completed the sale of a 20,000-square-foot industrial building in South Hackensack, touting it as a rare opportunity in the central Bergen County submarket.

Office
Bristol-Myers Squibb inks 118,000 sq. ft. office lease in Princeton submarket, JLL says

Bristol-Myers Squibb has signed a nearly 120,000-square-foot lease at a Princeton-area office building, under a newly announced transaction by JLL.

Retail
National gas, convenience chain to acquire QuickChek for $645 million

An Arkansas-based gas and convenience chain is acquiring QuickChek Corp., the Readington-based owner of more than 150 stores across New Jersey and New York.